Hello all,I just got qualified for a Wells Fargo 30 year mortgage on a $200,000 purchase limit with 20% down for a small multifamily investment property. This is my first interaction with the conventional financing sy...

Hi,I am considering obtaining a HELOC to purchase a second property (ideally for investment purposes). I have applied with Chase and a local credit union and have been rejected for lack of credit history. I own my cur...

Hi there,
My mom and I recently inherited a 2 family house that we intend on renting out. We have 100% equity in the property. I am struggling to decide on a financing/lending strategy to make the most out of our equ...

Hi everyone,I had bought a SF rental property in early August from an investor that was selling his portfolio. I paid him 20% down and he seller financed the other 80%. Two days ago I received an e-mail from him stati...

I am looking for ideas on getting some private money. I have 12 unit rent controlled property in Los Angeles (Glassell Park 90065)
value $3.6M at
Total rents - $21,400 - $256,800 annually = not 1 late through covid
...

Alright - complete newbie question here.

Is it good practice to get pre-approved for a mortgage? And should I go to multiple banks to see what the best rate I get? Also is it worth trying an online bank?

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Hi all, I have a colleague/friend in Jacksonville, FL and her landlord is offering her to buy the house she is currently renting from him. Problem is that she has some dings in her credit and she doesn't think that sh...

Hi everyone,Is it possible for a new investor (with no experience and have no job) to get a business credit line? The only thing I can show is the money I have in my checking account. I am planning to use BRRRR strate...

Hello BP'ers ... long-time NY (Saratoga area) member, but have only been a casual on-again, off-again reader.
Looking for guidance on transitioning from our single-family to a duplex, triplex or quad, the multifamily...

I had a question and was going to post it here before talking to my CPA. We have a house we took subject to the existing financing earlier this year. At the end of this year, I assume the previous owner is going to re...